Evercore Wealth Management LLC Buys 1,191 Shares of CSX Co. (NASDAQ:CSX)

Evercore Wealth Management LLC increased its stake in shares of CSX Co. (NASDAQ:CSXFree Report) by 8.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 15,662 shares of the transportation company’s stock after purchasing an additional 1,191 shares during the quarter. Evercore Wealth Management LLC’s holdings in CSX were worth $543,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Fortitude Family Office LLC bought a new position in shares of CSX during the 4th quarter valued at approximately $27,000. Life Planning Partners Inc bought a new position in CSX in the 4th quarter valued at $27,000. Burkett Financial Services LLC bought a new position in CSX in the 4th quarter valued at $34,000. Turtle Creek Wealth Advisors LLC bought a new position in CSX in the 4th quarter valued at $34,000. Finally, Avion Wealth grew its position in CSX by 450.5% in the 4th quarter. Avion Wealth now owns 1,002 shares of the transportation company’s stock valued at $35,000 after acquiring an additional 820 shares during the last quarter. Institutional investors own 73.57% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. UBS Group cut their price objective on CSX from $46.00 to $44.00 and set a “buy” rating on the stock in a research report on Thursday, April 18th. Benchmark reiterated a “buy” rating and issued a $40.00 target price on shares of CSX in a report on Thursday, April 18th. Susquehanna upped their target price on CSX from $42.00 to $44.00 and gave the stock a “positive” rating in a report on Thursday, March 28th. Jefferies Financial Group lowered their target price on CSX from $40.00 to $38.00 and set a “hold” rating for the company in a report on Thursday, April 18th. Finally, Bank of America lowered their target price on CSX from $40.00 to $39.00 and set a “buy” rating for the company in a report on Thursday, April 18th. Six research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $37.82.

Get Our Latest Stock Analysis on CSX

CSX Stock Down 0.7 %

Shares of CSX stock opened at $32.75 on Monday. The stock’s 50-day simple moving average is $34.25 and its 200-day simple moving average is $35.13. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.00 and a current ratio of 1.15. The firm has a market capitalization of $64.02 billion, a PE ratio of 17.99, a P/E/G ratio of 1.70 and a beta of 1.19. CSX Co. has a fifty-two week low of $29.03 and a fifty-two week high of $40.12.

CSX (NASDAQ:CSXGet Free Report) last announced its quarterly earnings data on Wednesday, April 17th. The transportation company reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.01. The business had revenue of $3.68 billion for the quarter, compared to analyst estimates of $3.66 billion. CSX had a return on equity of 29.58% and a net margin of 24.75%. The company’s revenue was down .8% on a year-over-year basis. During the same period in the prior year, the company earned $0.48 earnings per share. Equities analysts expect that CSX Co. will post 1.96 earnings per share for the current year.

CSX Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.47%. The ex-dividend date is Friday, May 31st. CSX’s dividend payout ratio (DPR) is 26.37%.

CSX Company Profile

(Free Report)

CSX Corporation, together with its subsidiaries, provides rail-based freight transportation services. The company offers rail services; and transportation of intermodal containers and trailers, as well as other transportation services, such as rail-to-truck transfers and bulk commodity operations. It also transports chemicals, agricultural and food products, minerals, automotive, forest products, fertilizers, and metals and equipment; and coal, coke, and iron ore to electricity-generating power plants, steel manufacturers, and industrial plants, as well as exports coal to deep-water port facilities.

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Institutional Ownership by Quarter for CSX (NASDAQ:CSX)

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